Skip to Main Content

News & Events

News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE APRIL 23, 2019

Tuesday, April 23, 2019 | 08:28am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on April 22, 2019.

Read full story
News

COMMISSIONER GONZALES ANNOUNCES WEEKLY FORMULA RATE MARCH 12, 2019

Tuesday, March 12, 2019 | 08:31am

NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 9.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 5.50 percent as published by the Federal Reserve on March 11, 2019.

Read full story